Slough Estates PLC
13 February 2001
Slough Estates plc Launches New Sterling Bond Issue
Slough Estates plc has today launched a new Sterling Bond
issue, the terms of which are:
Amount £150,000,000
Maturity 2022
Coupon 7% semi-annually
Spread 245 basis points over the 8% 2021 UK
Treasury Gilt
Price 99.684%
Closing Date 14th March 2001
The Royal Bank of Scotland led the issue and Barclays
Capital and UBS Warburg acted as co-lead managers. Net
proceeds of the issue amount to approximately £148.5
million.
The purpose of the new issue is to provide finance for
Slough Estates' on-going development programme and for
general corporate purposes.
Dick Kingston, Slough's Group Finance Director commented:
'We are pleased to have once again been able to enter the
market and raise long term capital on attractive terms.
Slough Estates now has seven sterling issues in the
market with maturities spread between 2007 and 2024,
raising some £900 million of long term finance for our
investment portfolio.
For further information contact:
Slough Estates plc Dick Kingston 01753 537171
Group Finance after 2.30pm
Director
Trevor Mant
Group Treasurer
The Royal Bank of Robert St. John 020 7648 3205
Scotland
Shared Value Limited Andrew Best 020 7321 5010
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